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"Lazy BP, CaC & Doc start working & posting Intel now"
Funny you call us lazy, because as I was reading your post I was thinking how lazy your arguments are... always the same repetitive nonsense about how we are sneaky day traders... YAWN. WOS the bot.
As for CaC not answering any questions, you swerved his and mine this morning:
“WOS - do you at least agree with this statement?
- Petro Matad have SPECIAL CERTIFICATION from Cabinet//
Most important point NO IT DOESNT!
IT HAS APPROVAL FOR SPECIAL PURPOSE CERTIFICATION SUBJECT TO FORMALITIES, INCLUDING CONTRACT TO BE SIGNED”
Mr Investor
Spoke down to 2p when V1 resukt (not LP) RNS release.
Now I sit back & take break to watch Sneakies ;)
Very funny now to see some Sneakies who twitch with nervousness be ause have brought back in & cannot see price go down.
This share value worth multiple of price now but this effort from Sneakies have been week after week for maybe fraction pennies.
If they was not so GREEDY probably there MATD holding from beginning worth MORE then value now even after all sneaky trading / posting because probably would be straight double figure.
I think why I need to worry to try to do research, get Info & help post Info when my holding for 18-24 month for High Double/ Triple Figure SP?
Then I think this is my nature. Try to help & talk to much.
Just like CaC is to be anal, ask 100 Q & answer 0 Q and little bit of deceiving as well which he was caught with pants down.
Doc is one who never post on BB of his favourite share and if anyone else does he say he will "massacre them", have been caught talking share down while buying & talk about Karma so will wait while Karma pull his pants down ;)
Now they BUY in some is funny to see how they sweat from all places.
For me NO PROBLEM my target UNCHANGE, my holding period UNCHANGE and RESEARCH will keep to self.
Lazy BP, CaC & Doc start working & posting Intel now. Get to it sirs & be happy ;)
@Hamm
Didn't you say that I must be crazy to talk about mm manipulation after that spike down to 2p on the day of the LP release ?
@Ojay
It's very true that for now this is basically a short term traded share, and as I see it, it may stay that way for a while yet. Once the oil is flowing, and revenue coming in then hopefully it should be far more stable and kind to the LTHs. However there's an extreme volatility attached to the MATD share price that simply can't be accounted for by pure fundamentals, and that may continue in the future regardless oil and revenue. I just don't trust it, having watched it since 2019.
Bear in mind that the spikes in price volatility tend to happen around the time of the release of an RNS - that's when the mms ( who also trade their own accounts ) and the short term traders can maximise their profits. So for now I am allocating about a third of my holding to short term trading - hopefully exiting when there is another spike at the time of the next RNS. Of course for months there was all that talk that when the LP was granted that the share price would ' easily be in double figures.' Well right now the 6 to 7p level is a very strong resistance level.
After thinking hard about it it doesn't seem sensible for me to just leave it all in there when the share price can double or halve in just a few days. An RNS can drop and the price can shoot around all over the place - look at the sudden and brief spike down to 2p when the LP RNS was released. Someone could have bought in at about 1.8p over the winter, and then sold out at 7.3p at the peak of the highest spike this year. That's a return of about 400% Meanwhile, many LTHs are probably underwater right now, despite the granting of the LP.
Hamm 2.3% spread ? No biggy
This share has been absolutely manipulated ( look at POLY, 46% spread, you can only sell!) to shake weak hands, but they can't get hold of my shares for sure.
Buy while you can before big boys grab the lot.
Absolutely manipulation, crazy and in the over sold territory now imho
Sp with El and LP 4p without 7p+ how does that work.
Pure manipulation.
Maybe, BP. And remember that the last raise happened at a substantial discount to what the SP was at the time... 5.3p (?) with the raise done at 2.5p. When questioned at the AGM why this was, MB said that the brokers effectively looked at what average the SP had been the previous 12 months, not just some recent spike, when determining what the raise price should be.
There's every reason to suspect a raise done when the SP hits 7p would still mean shares offered at around 4p, i.e. roughly where we are now!
Hertstrader is right in (at least) 2 ways:
1. You need heaps of patience with this share; and
2. Time to take advantage of the dip
One thing is clear: Nobody knows when what will happen - but we (LTHs ) know that it will happen. Just like me Hertstrader is one of them.
If you critisize PM because they're not progressing fast enough you support the short term trading market - which is currently the one determining th SP.
Or you take the long view (the "big picture") and say: this share will come in good - may take some time but I am willing to wait.
GL all LTHs
At least some buys coming in now as the share is so cheap.Really there needs to be an RNS with some timeframes issued .
A meaningful fundraise at a low SP would be a massive dilution. I expect the raise will come at 7p+ (if the SP ever gets there!).
Testing 4 today? Or tomorrow? Lets see
And remember the longer it takes the more people will start taking about a fundraise again.
My cheeky 3.6 expires tomorrow, may try a lower instruction at this rate 😱
//Bought some more today and will keep buying dips but you do need heaps of patience with this stock//
Too soon - I'm waiting for 3.5p
We can only go by what MB has been saying consistently not just once that all things are in order to proceed in a very short space of time once the problem of the Land Permit / Special Permit has been cleared up. Let us just hope all that holds good as i am hoping this LP will be finalised next week. But we will see. As some one pointed out the LG maybe back at work but that does not mean the relevant bodies to deal with this are not still on holiday. As ever with this share just a bit more patience is required. But will admit it is pushing every ones patience.
As regards RNS's i think there are a raft of them to come once it has been established we can operate and function in Mongolia and hopefully all of that can be put to bed once and for all next week. I am hoping.
The question is would we have had to worry about all of this if Petro China had not made their drilling sites to resemble 3rd world refugee camps but then we also do not know what backhanders PC have issued out to members of LG to try and obfuscate and obscure our Permit.
Hi Manx, thankfully for everyone, I'm not a doctor!
Thanks, Doc for the post.
Glad all is well. Are you a Doc??
Fully appreciate all frustrations. I am in this quite deep for a few million shares. I am happy that if things ride normally and no one pulls stupidity out of the bag in Mongolia and now all the ducks are legally lined up with all parties now sorted and put into their boxes, then we should see this soon. What soon means could be weeks or a month, but in relation to the ongoing difficulties of the last decade or so, it shuld be very soon.
BP - don't be daft. WOS has told us they can go to prison now, so they wouldn't dare...
Re the question posed by Curious - we've been told plenty of times that the MG have changed all the processes/laws and a lot of this is new ground for them, hence the delays already. It's therefore surely not beyond the realms of possibility that even the "formalities" might take a little while.
As for the comments earlier that MB is hopefully busy sorting out DQE and all else, well we've been told in just about every RNS and presentation the past 2 years that most of that is already done. So I'm hopeful that once these formalities are doing, be it "next week, month or year", that we'll be good to go almost immediately.
Just surmising - but what if the local bigwigs (geed up by the eco-warriors) are still strongly anti-PM (not least because of the previous courtroom unpleasantness) and just take an inordinately long time finalising the deal and try to insert impossible to meet conditions in the "contracts". Will MB sue them again? That could take years - until 2026 seems likely.
BP
Sounds like your holding stock again
Bought some more today and will keep buying dips but you do need heaps of patience with this stock
//The Cabinet approved the certification and also instructed officials to conclude the follow up formalities required under the Land Law. //
Yes. Cabinet has approved certification But the important point imo is that it does not state that Cabinet has itself granted certification. This will be done once formalities are completed as I read it.
TO BE DONE IN ORDER TO RECEIVE SPECIAL PURPOSE CERTIFICATION
//The Company will now work with the central Land Agency and local authorities to complete the registration of the area and to sign the necessary contracts required by the regulations on the management of special purpose land. //
CONTRACT?
I have posed the question (and got shot down for posing the question!) what did posters think the contract element of the formalities might entail? I.e. just a simple pro forma? already drafted and agreed? or ..... will terms and conditions need to be inserted and agreed?
It is entirely up to each and everyone of us to take our own view on this. However if permitted by the board overlords hey! we could even have a chat about it.
Now there's a thought!! It is a share chat board after all!!!!
This is the script from the RNS ref Special License. The paperwork is being processed along with equipment and workforce mobilisation. Like most things in Mongolia everything takes longer than we would wish.
Having received feedback from all other ministries, the Ministry of Construction and Urban Development, which is responsible for land issues, submitted the documentation to Cabinet and the proposed certification was discussed at the Cabinet's meeting on 5 July 2023. The Cabinet approved the certification and also instructed officials to conclude the follow up formalities required under the Land Law. The Company will now work with the central Land Agency and local authorities to complete the registration of the area and to sign the necessary contracts required by the regulations on the management of special purpose land. In parallel, we are already in discussion with service providers to determine a timeframe in which crews and equipment can be available for the completion for production of the Heron 1 well.
The certification of Block XX as special purpose land gives the Company the legal right of access to the entire area for the purpose of hydrocarbon exploration and exploitation.
Are we there yet?
The irony is the ones that are getting frustrated with the board commentary are not those that said the process will take time (possibly July to September) as we expected this to be the case and have said so continuously.
The frustrated ones are the posters that bought into and got all excited with the ramp narrative that the SP will double/triple on LP RNS imminently.